Company unveils £400m payout saying pandemic has created permanent rise in parcel volumes
Royal Mail is handing £400m to shareholders after its parcel delivery business benefited from the greater shift to online spending during the Covid pandemic.
It achieved a £311m pre-tax profit in the six months to 26 September, after barely scraping a profit last year, thanks to an accelerated trend to more parcels, which it described as a permanent shift. Revenues rose by 7% year-on-year to £6.1bn.
Read the original article at The Guardian